Nigeria’s economy is expected to experience modest growth in 2025, with a projected GDP expansion of 3.4%, according to PwC’s latest economic outlook report.

This growth will be driven by higher crude oil production and stronger performance in key sectors such as Finance and Insurance, ICT, Construction, and Real Estate.

Key highlights shows that the projected GDP growth rate of 3.4% in 2025, will be  supported by increased crude oil production and sectoral growth.

Headline inflation is expected to ease to 21.46% in 2025 due to tighter monetary policy and improved foreign exchange market stability.

The naira is projected to remain broadly stable in 2025, backed by ongoing Central Bank of Nigeria (CBN) reforms and improved portfolio inflows.

To achieve sustainable economic growth, PwC recommends the following strategic imperatives for governments and business leaders.

Prioritize debt management, align spending with revenue, and accelerate tax reforms to reduce borrowing reliance.

Maintain a disciplined monetary stance to curb inflation and stabilize the naira, ensuring credit flows to productive sectors.

Develop adaptive strategies to mitigate geopolitical, trade, and climate-related risks, leveraging megatrends like AI, digitalization, and green finance to future-proof the economy

The report noted that by implementing these strategies, Nigeria can navigate current economic challenges and capitalize on emerging opportunities for growth and development.